U.S. markets closed

  • S&P Futures

    4,064.75
    -10.75 (-0.26%)
     

  • Dow Futures

    33,990.00
    -33.00 (-0.10%)
     

  • Nasdaq Futures

    12,050.00
    -56.75 (-0.47%)
     

  • Russell 2000 Futures

    1,906.40
    -4.10 (-0.21%)
     

  • Crude Oil

    81.21
    +0.20 (+0.25%)
     

  • Gold

    1,933.90
    +3.90 (+0.20%)
     

  • Silver

    24.09
    +0.07 (+0.31%)
     

  • EUR/USD

    1.0902
    +0.0009 (+0.09%)
     

  • 10-Yr Bond

    3.4930
    +0.0310 (+0.90%)
     

  • Vix

    18.73
    -0.35 (-1.83%)
     

  • GBP/USD

    1.2415
    +0.0008 (+0.07%)
     

  • USD/JPY

    129.6840
    -0.4690 (-0.36%)
     

  • BTC-USD

    22,944.11
    -288.82 (-1.24%)
     

  • CMC Crypto 200

    520.82
    -6.36 (-1.21%)
     

  • FTSE 100

    7,761.11
    +16.24 (+0.21%)
     

  • Nikkei 225

    27,419.23
    +56.48 (+0.21%)
     

Tesla Rival XPeng Reveals Disappointing News

1
·3 min read
Tesla Rival XPeng Reveals Disappointing News

Tesla, the electric vehicle industry's top manufacturer, has delivered good news to its investors, customers and fans lately as it rolled out its first EV semi trucks on Dec. 1. Ford , the No. 2 EV company in the U.S. after Tesla , also had great news for its investors and customers as it reported a 103% increase in EV sales year-over-year in November. Data provided by S&P Global Mobility on Nov. 29 placed Tesla at the top of the EV market with a 65% share with Ford registering about 7% of the market.

Continue reading

Recommended Stories

  • Congress to Vote on Whether to Abolish the IRS and Introduce One National Tax Rate

    Right now, the average price for a loaf of bread is, approximately, $1.87. Under a new law proposed by House Republicans, that price would go up to more than $2.50. This would be the result of the Fair Tax Act, … Continue reading → The post Congress to Vote on Whether to Abolish the IRS and Introduce One National Tax Rate appeared first on SmartAsset Blog.

  • Why Shares of Plug Power Are Plunging Today

    Extending their midweek slide, shares of Plug Power (NASDAQ: PLUG) are continuing to tumble lower today, to the chagrin of fuel cell and hydrogen investors. While anticipation of the company's business update contributed to the stock's sell-off yesterday, investors are reacting today to the actual details of the update, in addition to pessimistic opinions echoing on Wall Street. As of 11:07 a.m. ET, shares of Plug Power are down 7.2%.

  • Why Nio and Xpeng Popped, but QuantumScape Dropped Today

    Tesla's (NASDAQ: TSLA) surprise earnings beat last night was shaking up the electric vehicle (EV) industry this morning, as shares of solid-state batteries researcher QuantumScape (NYSE: QS) tumbled 1.5% through 11:15 a.m. ET, but Tesla's Chinese rivals Nio (NYSE: NIO) and Xpeng (NYSE: XPEV) gained 2.7% and 3.4%, respectively. Tesla surprised investors by reporting $1.19 per share in profits on sales of $24.3 billion -- beating on both the top and  bottom lines despite cutting prices on its electric cars over the past couple months.

  • Intel stock falls amid Q4 earnings miss

    Yahoo Finance’s Jared Blikre joins the Live show to break down Intel’s latest earnings report.

  • Intel earnings: Chip giant misses Wall Street expectations, Q1 guidance disappoints

    Intel will reported its Q4 earnings after the bell on Tuesday, missing analysts' expectations.

  • Toyota Makes a Huge Announcement

    A new era is about to begin at Toyota. The reasoning of the Japanese behemoth has always been that consumers were not ready to adopt electric vehicles. As a result, Toyota favored a policy of small steps.

  • Bill Gates Asked Why He's Buying So Much US Farmland: Here's His Answer In Free-For-All AMA

    Microsoft founder and billionaire turned philanthropist Bill Gates recently laid to rest the long-time conspiracy theory that he owns some 80% of all U.S. farmland in his 11th appearance in an “Ask Me Anything” (AMA) session on Reddit. What Happened: Gates, answering dozens of questions over the course of a few hours during the AMA, including: “Why are you buying up so much farmland, do you think this is a problem with billionaire wealth and how much you can disproportionally acquire?” In respon

  • Intel is ‘still on track’ to hit manufacturing transition goals within next four years: Analyst

    Moor Insights & Strategy Founder, CEO and Chief Analyst Patrick Moorhead speaks with Yahoo Finance Live about Intel's latest quarterly results, why it was a disappointment, and the possible silver lining.

  • Ask an Advisor: We Are 70 Years Old, Have $99K in Retirement Income, a $1.4M IRA and Other Investments. Is It Too Late to Convert to a Roth?

    My wife and I are 70 years old. We've paid off everything, including the house. Between my pension of $29,000 and Social Security, we're getting a gross of $99,000 a year in income, which is more than enough. Our current … Continue reading → The post Ask an Advisor: We Are 70 Years Old, Have $99K in Retirement Income, a $1.4M IRA and Other Investments. Is It Too Late to Convert to a Roth? appeared first on SmartAsset Blog.

  • Chevron Returns $75 Billion To Shareholders As White House Fumes

    Chevron will launch a massive $75 billion share buyback and raise its dividend, the Dow Jones energy giant announced late Wednesday. The news comes ahead of fourth-quarter earnings due on Friday. Chevron stock advanced Thursday.

  • 3 Warren Buffett Stocks That Could Make You Richer in 2023

    Berkshire Hathaway CEO Warren Buffett is widely considered one of the best stock pickers of all time, and for good reason. Here are three top Buffett stocks that could make you richer in 2023 and beyond. Ally Financial (NYSE: ALLY) is an automotive-oriented online bank.

  • Apple Earnings Preview: Time to Buy AAPL Stock?

    The last year has been mixed for Apple, down about -10% on the year, but still outperforming the market

  • 15 Most Undervalued Quality Stocks To Buy According To Hedge Funds

    In this article, we discuss 15 most undervalued quality stocks to buy according to hedge funds. If you want to see more stocks in this selection, 5 Most Undervalued Quality Stocks To Buy According To Hedge Funds. Quality stocks usually have little debt, steady earnings, regular growth in assets, and effective leadership. Investors can identify […]

  • Stocks in focus after the close: Tesla, Southwest Airlines, Mastercard

    Yahoo Finance Live’s Seana Smith and Dave Briggs check out several trending stocks after the closing bell, including how airlines are faring during earnings season and in the fallout of holiday cancellations.

  • Why Microsoft Stock Rallied Today

    Shares of Microsoft (NASDAQ: MSFT) rose more than 3% on Thursday, as analysts defended the popular tech stock after its post-earnings decline, and investors grew increasingly excited about its artificial intelligence (AI) initiatives. Microsoft suffered a bit of a stock price swoon early on Wednesday despite delivering a relatively solid earnings performance, driven by strong gains in its cloud revenue. Piper Sandler analyst Brent Bracelin, in turn, believes that Microsoft's growth may have already bottomed.

  • Novavax needs 6 months to produce annual COVID shots that match new variants

    Novavax Inc said on Thursday it would require six months to produce a COVID-19 vaccine designed to match whichever coronavirus variants are circulating for an annual immunization program each fall season in the United States. The company suggested that the U.S. Food and Drug Administration select the prevalent variant of coronavirus in the first quarter each year, similar to the model employed to choose the composition for annual flu shots. The FDA in documents released on Monday proposed June for deciding on an annual COVID shot's make-up.

  • Better Buy: AGNC Investment or Annaly Capital?

    After being shunned for most of 2022, the mortgage real estate investment trust (REIT) sector regained some popularity as investors sensed the Federal Reserve's tightening cycle is wrapping up, which will remove a major headwind for the sector. The two biggest mortgage REITs, AGNC Investment (NASDAQ: AGNC) and Annaly Capital Management (NYSE: NLY), have mounted quite the rally over the past several months. The idea is that rental income will cover the interest costs on the debt the REIT used to finance the property.

  • Sam Bankman-Fried’s Mother and Brother Not Cooperating With Financial Probe, FTX Lawyers Say

    The crypto exchange wants to question its founder’s family as it seeks to locate allegedly misappropriated funds

  • Suze Orman says ‘most of America today has absolutely no money.’ Here’s where the guru is putting her funds.

    Financial guru Suze Orman thinks that most consumers are, or soon will be, facing dire straits, in an environment of higher interest rates and higher inflation.

  • Cathie Wood Gets Back on Track; Here Are 2 Stocks She’s Snapping Up

    Cathie Wood made her name by backing growth-oriented and cutting-edge stocks with her Ark Innovation ETF (ARKK) delivering huge returns for investors before and during the Covid-era. That all changed, however, as market sentiment shifted, and the past two years have seen the once-lauded investor’s reputation take a hit with the ARKK fund posting huge losses. But, so far, 2023 is turning out to be a turnaround story. ARKK is up nearly 20% since the turn of the year. Meanwhile, Wood has been loadi